Captive Actuarial Examinations of Insurance Companies

The State of Michigan's Department of Insurance and Financial Services is seeking a contractor to perform captive actuarial examinations of insurance companies. The contractor will be responsible for examining the financial condition and regulatory compliance of captive insurance companies. The scope of work includes conducting on-site examinations, reviewing financial statements, and evaluating the overall risk profile of the insurance companies. The contractor must have experience in actuarial examinations and must be able to demonstrate their expertise in this area. Key aspects of the job include: • Conducting on-site examinations of captive insurance companies • Reviewing financial statements and evaluating the overall risk profile of the insurance companies • Providing recommendations for improvement and ensuring regulatory compliance • Demonstrating expertise in actuarial examinations and experience working with insurance companies • Meeting the minimum point threshold and offering the best combination of evaluation factors and price